A Blog About Our Debt Money System, the Effects of Borrowing at Interest and the Unpayable Debt it Creates. Learn How Minnesota Can Lead the Nation in Fixing Our Broken Economy.
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Once "money" is created, it has to be introduced into the economy for us to be able to use it and there are only 3 ways to get the new money into the economy.

1. Gift it in.

2. Loan it in.

3. Spend it in.

Think about it.

Each has its pro's and con's.

Here's the executive summary:

Gift it in? Loss of value.

Loan it in? Unpayable interest and inevitable financial collapse.

Most people have been conditioned toward 2 responses:

1. "Spending" is bad!

or

2. We need to "spend" more!

But both groups ignore one fundamental and extremely vital fact. The fact that, right now, ALL of our money is created as a loan to someone. It is ALL debt. No debt, no money. So ALL of our money, in the aggregate, has to be paid back. Plus interest! Now the dirty little secret: there is no "plus interest" in the economy, only the original borrowed principal. We have to borrow to pay the interest. Impossible.

Before you "spend" you have to borrow! So, it's not the "spending" that the first group fears that's bad, it's the borrowing that comes first, that's bad.

Before you "spend more" you first have to borrow it, going further into debt! And that's what's bad about "spending more".

Spend it in? In other words, create it, debt free, and spend it in to the economy for the things we need and use. Only one catch - the things MUST be a benefit to ALL PEOPLE. Otherwise one group gets an unfair advantage over another.

If you "Spend It" into the economy (without first borrowing it), you have to "buy" something, and by doing it this way, production must match the spending (there must be something to buy!). Therefore, it's non-inflationary. Jobs are created - don't we need that? The people become wealthier because the new money is not a loan and does not have to be paid back - it stays in the economy so we can use it, save, invest, etc.. Spending it in does NOT create more debt; when spent on high quality infrastructure, it creates more wealth.